Tradie & Mining Growth with Michael Scotney, who is a Business Coach, Trade Contractor, and Mining Industry Business Consultant, and is the Owner of Awakened Business, where he is driven to create freedom for trade and mining business owners. He spent 15 years working in and leading a successful trade contractor business in the building and construction and mining industry, where he helped grow the company from a 2 man operation to a team of 80 delivering over $150 Million in sales! We talk about how to hire the right people, how to retain our talent, how to be a better leader, the numbers in our business, plus much more!
Key Moments in this Episode
1:16 Michael Scotney introduction on how he got into trade after school and fell in love with it.
He had a passion for entrepreneurialism from the start and has always thought of himself as a contractor.
It wasn’t long before he took on a leadership role in a contractor business.
He stared with a 2-man show and grew it to 80 employees over 5-6 years.
Over the 15-year period, they did over $150 million in sales.
One of the key things he realized is that most tradies don’t really know a lot about business and they learn it the hard way.
This led him to develop some key concepts that he employs with his clients.
It also drove him to go into university and study a master’s in business to further grow his knowledge and skills.
3:06 Understanding the 5 Pillars of Business Freedom.
6:21 How to attract top talent into our business.
8:20 Employee retention.
10:11 Becoming better leaders.
12:18 Tips to ensuring a great business culture.
15:05 Importance of getting your mindset right.
18:19 Importance of knowing your numbers and profitability.
21:45 Biggest business mistakes.
24:03 Converting quotes better.
27:24 Importance of coaching & mentoring.
31:01 Overcoming business failures.
33:50 One key piece of advice: “Feed your mind with good stuff”.
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